5/10 Watchlist: Stocks

Everything on the Watchlist is up, as eurofear retreats. "Up" in this case means back to where things were trading on Thursday before the afternoon mini-panic. So not much of up.



Stocks that showed Parabolic SAR . . .

Bull signals:

• * CIEN, 4/26. Up 2.8%
• CVX, 5/3. Up 3%
• PCAR, 4/23. Up 7%
• * UNP, 4/29. Up 5.2%
• XLE, 4/17. I pegged this as a $56 to $60 May iron condor. It's trading within the profitable range.
• XLI, 5/3. Up 5.3%

Bear signals:

• ABT, 5/6. Up 1.6%.
• X, 5/7. Up 5.6% and the psar has switched to bull phase after two one-day whipsaws in a row. Exiting the signal, by the rules, as a FAILURE for a loss of 3.8%.

Stocks of interest (I wouldn't necessarily trade them):

• FNM,  4/13, 4/23. Agnostic. Up 3.9% on the earnings announcement.

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The Investor's Guide to Active Asset Allocation: Using Technical Analysis and ETFs to Trade the Markets

Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.

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Skynet Panic of May 6
Panic Looks Like This
Skynet Panic Poisons Technical Tools

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